I tend to agree with your low double figures share price in the medium term.
As much as I'd like it, I think 50 bucks is as likely as me giving birth to the next messiah considering how much money needs to be spent on plant and equipment to get mining going , combined with the lithium price rout. That really needs to change.
i just don't set my sights (and hopes) too high and set myself up for disappointment.
Lithium really is in the doldrums and much of the hot money that caused the bubble presumably has left the sector. Patience is very much required. Lithium seems to have steadied since early December and bouncing around its lows.
Posco may jump once all the analysis has been done and a few more successful holes drilled , with a PFS completed. One would say that 12 bucks would be a bargain if we are to believe in the future lithium shortage. IF that is.
JLL Price at posting:
90.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)